Fri, Apr 06, 2012
Says Outright Acquisition Is Still An Option
Cobham ("Cobham" or the "Group") announced on 12 March 2012 that it had withdrawn its proposal to the Board of Thrane & Thrane A/S ("Thrane & Thrane") regarding a possible recommended offer for Thrane & Thrane at a price of DKK420 per share in cash, as the Board of Thrane & Thrane felt unable to recommend its proposal. Cobham reserved the right to reconsider its position at any time.
In that announcement Cobham commented that its strategy is to build market leadership positions in its strategic business units, by investing in technology. SATCOM is one such technology and Thrane & Thrane remains an attractive potential partner. Cobham has therefore continued to follow events at Thrane & Thrane with interest.
Following the resignation with immediate effect of the Chairman of Thrane & Thrane on 26 March 2012, a number of institutional investors have expressed an interest in selling their shareholdings in Thrane & Thrane. This has resulted in the purchase today by Cobham from Jupiter Asset Management Limited and other institutional shareholders of 1,292,110 shares at a price of DKK420 per share in cash, representing approximately 22.74 percent of the issued share capital of Thrane & Thrane.
Cobham has notified the Board of Thrane & Thrane that, taken together with market purchases, it now owns 1,453,795 shares, representing approximately 25.6 percent of the issued share capital of Thrane & Thrane.
Cobham is continuing to consider all options available to it in relation to Thrane & Thrane.
More News
DETRESFA (Distress Phrase) The code word used to designate an emergency phase wherein there is reasonable certainty that an aircraft and its occupants are threatened by grave and i>[...]
"General aviation is at the forefront of developing and introducing innovative technologies that will transform the entire aviation industry..." Source: Kyle Martin, Vice President>[...]
Direct Straight line flight between two navigational aids, fixes, points, or any combination thereof. When used by pilots in describing off-airway routes, points defining direct ro>[...]
Aero Linx: Women in Corporate Aviation Women in Corporate Aviation support individuals seeking career advancement and professional development in the business aviation industry. Me>[...]
“We would like to thank the many volunteers that help throughout the year to pull off the event, as well as the several reviewers, judges, and SURVICE staff that provide team>[...]